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Dec 31, 2012
12/12
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cliff, laying that dark cloud of uncertainty over every business in america, every household in america, everyone who had any interest in investing or was trying to plan for the future kept saying i can't make a decision, i can't make plans. i don't know what you're going to do. are we going to go over the cliff? are my taxes going to rise? are regulations going to increase? what is the future? and even if the future is uncertain, if it's the -- excuse me. even if it remains uncertain, i can't plan ahead. if it's bad certainty, i can work around it. i might not like it but i can make the adjustments necessary. so we have a stagnant economy as a result of all of this. and so i'm hoping that when we learn the details of what we finally arrived at -- which we will be learning very, very shortly -- i am hoping that it's something that we can swallow hard and accept knowing, knowing that this fiscal cliff is nothing compared to the real fiscal cliff. the real fiscal cliff is the continued excessive borrowing and spending of over a trillion dollars a year that is driving this country into a s
cliff, laying that dark cloud of uncertainty over every business in america, every household in america, everyone who had any interest in investing or was trying to plan for the future kept saying i can't make a decision, i can't make plans. i don't know what you're going to do. are we going to go over the cliff? are my taxes going to rise? are regulations going to increase? what is the future? and even if the future is uncertain, if it's the -- excuse me. even if it remains uncertain, i can't...
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Nov 14, 2012
11/12
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. >> let's talk for a moment first about the fiscal cliff. the business leaders who came in following, of course, the labor leaders and others who came in yesterday to talk about the bargaining and the terms of reference, what did he hear from the business community about what bargains points he should be making and how important it is or isn't to avoid the fiscal cliff? >> the business community wants certainty. that's what they care more about anything else. they want certainty. the question is going to be how much of an ally can they be to the president. he has a specific goal he has in mind. decoupling the bush tax rates if you will, for the wealthy, 250 for couples and above and everybody else. it's a bill that's already passed the senate. the president wants to get that enacted into law and then have the discussion about tax reform. and i -- the question is going to be, does he try to get the business community's support on that front and say look, i can get you certainty for a year as we do the larger conversation on corporate and pers
. >> let's talk for a moment first about the fiscal cliff. the business leaders who came in following, of course, the labor leaders and others who came in yesterday to talk about the bargaining and the terms of reference, what did he hear from the business community about what bargains points he should be making and how important it is or isn't to avoid the fiscal cliff? >> the business community wants certainty. that's what they care more about anything else. they want certainty....
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Nov 12, 2012
11/12
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you need the business community to speak up on the fiscal cliff and the need for revenues. you need people like romney and jeb bush and others to talk about doing a comprehensive immigration reform so that the republicans who have the courage to stand up, and tom coburn has had that courage, don't just hear from the shrill right. and graham is willing to do it on immigration. he's going to say that this morning. we need other people to do the same. >> we will leave it there as this debate continues. senators, thank you both very much. >> you're welcome. >>> coming up here, you heard where both sides stand. we're going to have some reaction to these two senators and analysis on where the negotiations go from here. >>> also, the economic stakes. if lawmakers can't get a deal, what does it mean to all of us? we will check in with the host of cnbc's "mad money," that's jim cramer. >>> also, we'll talk more broadly about the politics post-election and more on the petraeus 1k57b8d that's unfolding around this roundtable. joaquin castro from texas, doris kearns goodwin, historian,
you need the business community to speak up on the fiscal cliff and the need for revenues. you need people like romney and jeb bush and others to talk about doing a comprehensive immigration reform so that the republicans who have the courage to stand up, and tom coburn has had that courage, don't just hear from the shrill right. and graham is willing to do it on immigration. he's going to say that this morning. we need other people to do the same. >> we will leave it there as this debate...
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Nov 30, 2012
11/12
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but going over the fiscal cliff is serious business. >> reporter: any real deal-making is the stuff of quiet conversations and meetings. rob neighbors used the language of high-stakes diplomacy to respond to john boehner's complaint >> i thought the conversation was very direct. and as always, i appreciate directness. >> reporter: while the senate majority leader, harry reid, was very blunt about being pessimistic. >> i don't understand his brain, you should ask him. >> reporter: visiting their nation's capitol today, mixed expectations from tourists from georgia and texas >> i hope they get it, more than i did before the election. >> of course i'm nervous, you never know what politicians are going to do. >> reporter: democrats, still lifted by their election success, argued that voters chose higher tax rates for wealthy americans as part of any plan to cut the deficit. and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they
but going over the fiscal cliff is serious business. >> reporter: any real deal-making is the stuff of quiet conversations and meetings. rob neighbors used the language of high-stakes diplomacy to respond to john boehner's complaint >> i thought the conversation was very direct. and as always, i appreciate directness. >> reporter: while the senate majority leader, harry reid, was very blunt about being pessimistic. >> i don't understand his brain, you should ask him....
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Nov 11, 2012
11/12
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MSNBC
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we need a resolution to this fiscal cliff business. >> they have to, david, can gift wrap a recession by christmas, we can set it right into place without some agreement. the ceos have, in many ways, more to lose than anybody, why the market got hit this week and the market will continue to be hit until year end or an agreement. >> explain further what the economic consequences are. what do you hear on wall street and among corporate leaders about the -- frankly what happens if we go over the fiscal cliff? >> what i'm hearing and i speak to a lot of ceos and every single different industries they don't want to hire. they think the single biggest consequence of not knowing what's going to happen is that it's just worth it to lay off it. is not worth it to hire because with just a series of unknown of, who can take a chance, who can take a chance with washington, better to scale back retail, restaurant, industrial, fire people, that is the solution to the fiscal cliff until we get an actual resolution. >> jim, i always thought one of the big mistakes of the first obama term, he never ha
we need a resolution to this fiscal cliff business. >> they have to, david, can gift wrap a recession by christmas, we can set it right into place without some agreement. the ceos have, in many ways, more to lose than anybody, why the market got hit this week and the market will continue to be hit until year end or an agreement. >> explain further what the economic consequences are. what do you hear on wall street and among corporate leaders about the -- frankly what happens if we...
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Oct 28, 2012
10/12
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CSPAN
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700,000 jobs and drive our economy of the fiscal cliff. here in missouri, we count on coal for 82% of our electricity. calldent obama's were on -- war on coal is threatening higher electricity prices for families and job creators. we cannot go on like this. this election is not about president obama, the person. it is about his failed presidency and failed leadership. our country is going in the wrong direction. and mitt romney is the only leader who can turn this economy around. did americans back to work, and build the better america our parents worked and sacrificed to make possible. that is the opportunity before us. and it is the one that we must seize, for the sake of our children and the future of our great nation. god bless your families and may god continue to bless the united states of america. >> watch our coverage of the presidential candidates. plus watch the keys senate and house races are run the country. next, vice president of candidate paul ryan speaks in ohio. after that, vice president biden speaks in virginia. inlowing
700,000 jobs and drive our economy of the fiscal cliff. here in missouri, we count on coal for 82% of our electricity. calldent obama's were on -- war on coal is threatening higher electricity prices for families and job creators. we cannot go on like this. this election is not about president obama, the person. it is about his failed presidency and failed leadership. our country is going in the wrong direction. and mitt romney is the only leader who can turn this economy around. did americans...
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Dec 6, 2012
12/12
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CSPAN2
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she wrote concerned about tax increases and this fiscal cliff. she said, "the middle class is the heart and soul of this country. what keeps it going and growing? what else can we be hit with? i know i cannot take anything more on financially." so my first call today, madam president, is let's give deborah and families like hers in delaware and around the country the serntle before we end this -- the certainty before we end this calendar year of knowing their taxes will not go up in 26 days when the calendar turns to 201. one way to do that is for the moushouse to take up the legisln that this body has already considered in a bipartisan way that would extend the tax cuts for 98% of families and 97% of small businesses while also achieving nearly d is trillion of debt and deficit reduction. this bill extends tax cuts that would otherwise expire for all americans who earn income and for all small businesses, but just on the first $250,000. tax ratetax rates on income abot would revert to tax rates during the clinton administration. this one step wo
she wrote concerned about tax increases and this fiscal cliff. she said, "the middle class is the heart and soul of this country. what keeps it going and growing? what else can we be hit with? i know i cannot take anything more on financially." so my first call today, madam president, is let's give deborah and families like hers in delaware and around the country the serntle before we end this -- the certainty before we end this calendar year of knowing their taxes will not go up in...
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cliff coming at us in january. >> here's my question. you said the president said the election will decide about the millionaires and billionaires but what about the 3.7 million americans who are not millionaires but earn more than $250,000 as a family? he's made that clear, he's raising their taxes. >> there are between $250,000 and $1 million, that's the position the president's taking. in my view, it helps set the table for the general public. most folks would agree that 98% of americans represents a broad range, more than the middle class, up into the upper middle class. the number that i think the president chose today was designed to strike a balance. in the end, our tax policy, as you mentioned, is going to be about figuring out which tax breaks, which tax expenditures we can afford to continue. and what we have to do to restore some tax fairness that allows the broad run, 98% of americans to accept the cuts in federal spending that will almost inevitably have to come next year. >> most people know that and accept that. all of us
cliff coming at us in january. >> here's my question. you said the president said the election will decide about the millionaires and billionaires but what about the 3.7 million americans who are not millionaires but earn more than $250,000 as a family? he's made that clear, he's raising their taxes. >> there are between $250,000 and $1 million, that's the position the president's taking. in my view, it helps set the table for the general public. most folks would agree that 98% of...
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Nov 29, 2012
11/12
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and you can tell us something about that knophone c? >> we had very nice conversation last night. it was direct and straightforward. but this assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as part of a down payment to give to a longer range solution on entitlements and tax reform? >> there are a lot of options on the table, including that one. >> mr. speaker, before the election, you were asked whether if obama won taxes would have to go up. and you've made it sound like you would oppose that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolve
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and you can tell us something about that knophone c? >> we had very nice conversation last night. it was direct and straightforward. but this assessment i give you today would be a product of both of...
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Nov 30, 2012
11/12
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going over the fiscal cliff is serious business. and i am here seriously trying to resolve it and i would hope that the white house would get serious as well. a congressional republican aide said the only changes in the entitlement come from the president's budget that was voted down by the u.s. senate 99-zero and zoro democrats supported it. the white house said it is the republicans and their refusal to ask higher income americans to pay higher rates. >> asking for a price to be paid for congress to do its job and insure that the united states of america does pay the bills is deeply irresponsible. it was deeply irresponsible in the summer of 2011 and deeply irresponsible if we were to see that kind of approach taken again. >> something new in the proposal. they want to continue to raise the debt limit on their own unless two-thirds of lawmakers say no. >> gretchen: do you remember on this program yesterday where we said this is not a deal. what is proposed is not a deal. a definition of deal, both sides give something, right. this
going over the fiscal cliff is serious business. and i am here seriously trying to resolve it and i would hope that the white house would get serious as well. a congressional republican aide said the only changes in the entitlement come from the president's budget that was voted down by the u.s. senate 99-zero and zoro democrats supported it. the white house said it is the republicans and their refusal to ask higher income americans to pay higher rates. >> asking for a price to be paid...
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Dec 30, 2012
12/12
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one aspect of the fiscal cliff does not actually -- is not about 2013 taxes. but it still left over business from 2012. congress has not yet enacted its annual fixed to the alternative minimum tax. if no action is taken, and a lot of people have probably not even heard of the alternative minimum tax. it would insnare more than 30 million taxpayers and complicate the tax filing season that begins in january and and in april. >> explain what the alternative minimum tax is and why it was put in place and why now? all this and more people might be subjected to it than previously. >> it is basically a parallel -- parallel tax system. it was initially designed to make sure that a small group of high-income taxpayers were paying some minimum rate of tax. because of its nature and because it has not been indexed for fishing, it has grown and would begin to affect more and more taxpayers further down the income ladder. the major, the alternative minimum tax allows certain deductions and exemptions. most notably, exemptions for a persons and their dependents and the ded
one aspect of the fiscal cliff does not actually -- is not about 2013 taxes. but it still left over business from 2012. congress has not yet enacted its annual fixed to the alternative minimum tax. if no action is taken, and a lot of people have probably not even heard of the alternative minimum tax. it would insnare more than 30 million taxpayers and complicate the tax filing season that begins in january and and in april. >> explain what the alternative minimum tax is and why it was put...
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Nov 30, 2012
11/12
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CNBC
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we want to listen to speaker boehner making comments right now on the fiscal cliff. >> small business owners are regular men and women from all backgrounds who in today's economy are facing challenges on a daily basis. the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough. it exists because washington continues to spend too much. raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. if our economy doesn't grow, americans don't get new jobs. and the debt problem that we have will continue to threaten our children's future. as i said the day after the election the republicans are not seeking to impose our will on the president. we're seeking a bipartisan solution that can pass both chambers of congress and be signed into law by the president in the coming days. during the campaign
we want to listen to speaker boehner making comments right now on the fiscal cliff. >> small business owners are regular men and women from all backgrounds who in today's economy are facing challenges on a daily basis. the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough. it exists because...
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Nov 29, 2012
11/12
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going over the fiscal cliff is serious business. i am here seriously trying to reresolve it. >>reporter: a lot of people wonder if speaker boehner is trying to show he is fighting against some of the tax changes and he will come along to a deal. vice president biden went to a costco in washington, today, proclaimed himself optimistic there will be a deal and bought a big screen tv and and an apple pie. >>shepard: you mention speaker boehner and the fact is there is a group if his party, the conservative part that doesn't want him to act like he is moving and that is who he is talking to today? >>reporter: they want him to dig in. they want him to completely resist essentially going back to the old clinton administration tax rates of 39.6 percent on the top level. the bottom line when you ask about whether there is any progress there are signs of progress from the white house briefing and carney today said the president said in this phone call to speaker boehner, any deal has to have the rates going up but in the end, carney said it doesn't necessarily, he didn't say this dire
going over the fiscal cliff is serious business. i am here seriously trying to reresolve it. >>reporter: a lot of people wonder if speaker boehner is trying to show he is fighting against some of the tax changes and he will come along to a deal. vice president biden went to a costco in washington, today, proclaimed himself optimistic there will be a deal and bought a big screen tv and and an apple pie. >>shepard: you mention speaker boehner and the fact is there is a group if his...
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Dec 17, 2012
12/12
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FBC
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cheryl: jeff flock takes a look at how the fiscal cliff is threatening one business. >> the businesses that fix your cars, bake your bread, do all the other stuff in life. is fixing the fiscal cliff easier than fixing an automotive transmission? that and more when we come back. stay tuned. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. dennis: time warner stock pumping up today. one reason could be the pointy eared superstar, "the hobbit." setting an all-time high for a film opening in december. time warner, this geek fest opens to almost as much money as the four films took in combined. it has done even better in china, $84 million in china alone versus 70 million in the u.s. so far. lastly there is this, watch out, espn. fox sports may be coming after you. espn worth more than $40 billion. now the "wall street journal" is reporting fox is looking at setting up a new sports channel nex
cheryl: jeff flock takes a look at how the fiscal cliff is threatening one business. >> the businesses that fix your cars, bake your bread, do all the other stuff in life. is fixing the fiscal cliff easier than fixing an automotive transmission? that and more when we come back. stay tuned. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex...
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Nov 29, 2012
11/12
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CURRENT
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well, the easiest way to end the uncertainty about the fiscal cliff and tax rates and their potential impact of the vast majority of americans as they go into this vital holiday shopping season that's pretty central to our economy is for us to pass that and say okay, that part of this is over. the $2,000 on average tax hike that most working families are facing, if we go over the cliff done, taken care of. now, let's work through the balance of increased revenue on the high income earners and spending cuts that we need to get done to achieve a roughly $4 trillion savings. >> bill: and closing loopholes and other issues. >> that's a difficult process. there's lots of detail to it. in my view, there's two bad outcomes here that are quite possible. first is we do nothing. which is -- something we seem to have shown some real capability of. but if we go over the if is cal cliff, which is really more of a slope than a cliff. it is not like y2k where january 1, everybody has a dramatic cuts in services and dramatic increases in taxes. that will smooth in over time. that will happen over som
well, the easiest way to end the uncertainty about the fiscal cliff and tax rates and their potential impact of the vast majority of americans as they go into this vital holiday shopping season that's pretty central to our economy is for us to pass that and say okay, that part of this is over. the $2,000 on average tax hike that most working families are facing, if we go over the cliff done, taken care of. now, let's work through the balance of increased revenue on the high income earners and...
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Nov 14, 2012
11/12
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CNN
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it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say look, we're going to go with the mandate the president has. >> all right, we'll see. thanks so much. >> thank you. >> we'll bring you the president's news conference later this afternoon. 1:30 eastern time we think, so tune in to cnn for special coverage with wolf blitzer. that begins at 1:00 eastern. [ female announcer ] introducing yoplait greek 100. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so
it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say...
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Dec 31, 2012
12/12
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WGN
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if you want to check out how much this fiscal cliff falloff will affect your next pay check, had to this web site. half a bill to legalize same sex marriage in illinois could come before state lawmakers in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to treat all couples equally. illinois passed a law approving civil unions for same sex couples in june of last year. if you're going out to celebrate tonight. the c-t-a is offering you a safe ride home for a penny. this year, the c-t-a is partnering with "miller lite" to provide rides on buses and trains for just one cent. penny fares begin at 10 p-m tonight. continuing through four a-m on new year's day. >> they are erupting with tons of exploding fireworks as they welcomed in the new year. it was the world's first major celebration for 2013. 7 t of fireworks were set off from rooftops and barges. many of them
if you want to check out how much this fiscal cliff falloff will affect your next pay check, had to this web site. half a bill to legalize same sex marriage in illinois could come before state lawmakers in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to...
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Dec 29, 2012
12/12
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CSPAN
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one aspect of the fiscal cliff is not actually about 2013 taxes, but is still left over business from 2012. most importantly, that is congress has not yet enacted its annual fixed to the alternative minimum tax for this year, yet. if no action is taken, a lot of people probably have not even heard of the alternative minimum tax, a tax that normally affects 4 million taxpayers would insnare more than 30 million taxpayers. and really complicate the tax filing system that begins in january. host: explain what the alternative minimum tax is and why it was put in place? ye, now, all of a sudden more people might be subjected to it than previously? guest: it is basically a parallel tax system alongside the regular individual income tax. it was initially designed to make sure that a small group of high income taxpayers were paying some minimum rate of tax. because of its nature and explicitly because it has not been indexed for inflation it would affect more and more taxpayers down the income ladder. the major -- the alternative minimum tax disallows certain deductions and exemptions. most n
one aspect of the fiscal cliff is not actually about 2013 taxes, but is still left over business from 2012. most importantly, that is congress has not yet enacted its annual fixed to the alternative minimum tax for this year, yet. if no action is taken, a lot of people probably have not even heard of the alternative minimum tax, a tax that normally affects 4 million taxpayers would insnare more than 30 million taxpayers. and really complicate the tax filing system that begins in january. host:...
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May 16, 2012
05/12
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CSPAN3
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cliff in january 1 but that isn't how you run a business. you look over the intermediate term. you look at that now, until you see some action and a plan to make it better it just looks problematic. >> simpson-bowles is one plan. but let me ask one more question to you. i heard the president express his frustration about simpson-bowles, especially about the way, frankly, the financial and the corporate community has reacted. they press hands, he believes, to endorse simpson-bowles yet when it comes to the tax increases called for particularly those on the business side, business runs away. i can speak for myself. we're in. as a matter of public policy, economic outlook we sign up for that in its totality 18 heart beat. when you start breaking it into pieces you can't put it back together again. this is a matter of priorities and choices. we can do -- we're the richest country on the planet. we can do hundred things. the only thing we can't do is everything and that's where we are at the moment so you got a bipartisan group wres tlool the iss
cliff in january 1 but that isn't how you run a business. you look over the intermediate term. you look at that now, until you see some action and a plan to make it better it just looks problematic. >> simpson-bowles is one plan. but let me ask one more question to you. i heard the president express his frustration about simpson-bowles, especially about the way, frankly, the financial and the corporate community has reacted. they press hands, he believes, to endorse simpson-bowles yet...
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Nov 30, 2012
11/12
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FBC
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dennis: fiscal cliff survival kit coming up in the next steps your small business should take right now to prepare. plus jeff flock is milking of fiscal cliff story for us and from the farm. jeff: you don't care about the fiscal cliff but if you care about milk prices if we don't get a deal on a farm bill, milk prices could double within a month. i will explain how that will happen right down here on the farm. we will get it from the horse or the calla's and house. you know how painful heartburn can be. for fast, long lasting lief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving theain quickly. try fast, long lasting gaviscon®. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going onow -- but hurry, the off ends soon. cheryl: 30 past the hour, the largest generic maker -- >> pharmaceuticals of by 1/2%. announcing a major reorganization plan with $2 billion and expenses over the next five years and this is wide ranging
dennis: fiscal cliff survival kit coming up in the next steps your small business should take right now to prepare. plus jeff flock is milking of fiscal cliff story for us and from the farm. jeff: you don't care about the fiscal cliff but if you care about milk prices if we don't get a deal on a farm bill, milk prices could double within a month. i will explain how that will happen right down here on the farm. we will get it from the horse or the calla's and house. you know how painful...
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Nov 30, 2012
11/12
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FOXNEWSW
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going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> now, the white house thinks republicans have overdone the outrage today. they say the real problem republicans have is they don't want to raise taxes on the rich. so basically we are still deadlocked tonight, shep. >> shepard: vice president biden did his part for the economy today. he went shopping? >> yeah a new cosco here in washington, d.c. opened up today. big crowd in the parking lot. vice president's motorcade showed up. he actually bought a big screen tv as well as a apple pie. what could be more american than that. he went on to is a say he is feeling good and optimistic about a deal. take a listen. >> i am. i am. all these folks in this store, man, going to make a difference. >> more important than shopping trip will be what actually happens between the president and speaker boehner. we're told they had a phone call last night. initial report suggested it was tense. white house saying they made some progress. we
going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> now, the white house thinks republicans have overdone the outrage today. they say the real problem republicans have is they don't want to raise taxes on the rich. so basically we are still deadlocked tonight, shep. >> shepard: vice president biden did his part for the economy today. he went shopping? >> yeah a new cosco...
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Jul 19, 2012
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cliff at the end of this year instead of letting businesses maintain their existing tax rates. this would effectively raise taxes on every american during one of the slowest economic recoveries in modern times. while i support extending these taxes and giving our nation's job creators certainty, i believe that we need tax reform. our code is too complex. we need to close loopholes, broaden the base and lower rates. as a member of the ways and means committee in the house, i worked on this issue and will continue to advocate for comprehensive reform while here in the senate. while i recognize that sometimes comprehensive policies may be difficult to move forward, especially in an election year, i believe that we can find consensus on commonsense solutions. since coming to the senate, i've advocated for policies that create jobs for nevadans and for all americans. my state has been one of the hardest-hit in this current economic climate. nevada has had the distinction of leading the nation in unemployment for over two years as well as foreclosures and bankruptcies. one part of ou
cliff at the end of this year instead of letting businesses maintain their existing tax rates. this would effectively raise taxes on every american during one of the slowest economic recoveries in modern times. while i support extending these taxes and giving our nation's job creators certainty, i believe that we need tax reform. our code is too complex. we need to close loopholes, broaden the base and lower rates. as a member of the ways and means committee in the house, i worked on this issue...
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Dec 29, 2012
12/12
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they talked about the need to reach a deal to avert the fiscal cliff. >> i've been working people of both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy. a plan that would protect the middle class, cut spending and ask the wealthiest americans to pay a little bit more. i will keep working with anyone who is serious about getting a comprehensive plan like this done. we are now just -- all tax rates are going up. a will get a lot smaller. it would hurt middle-class families and businesses that depend on your spending. congress can prevent it from happening. leaders are working on a way to prevent this tax hike on the middle class. if an agreement is reached i will urge the senate to hold an up or down vote to protect the middle class from the income- tax hike. it could pass both houses a bipartisan majority. but they still want to vote no, that is their prerogative. they shall let everybody else vote as well. we cannot afford a politically self-inflicted wound. the housing market is healing. the unemployment rate is t
they talked about the need to reach a deal to avert the fiscal cliff. >> i've been working people of both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy. a plan that would protect the middle class, cut spending and ask the wealthiest americans to pay a little bit more. i will keep working with anyone who is serious about getting a comprehensive plan like this done. we are now just -- all tax rates are going up. a will...
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Dec 27, 2012
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cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate can pass they said but the senate first must act. in a sign of public frustration over the lack of a deal the coffee giant sta
cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely...
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Nov 9, 2012
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this fiscal cliff business could affect just about every single one of us, and you can bet there's plenty going on behind the scenes. this past hour we heard from the president in the east room of the white house basically announcing he's inviting leaders from both houses of congress and from both political parties to meet with him at the white house next friday. just a couple of minutes ago, we heard the president say he's open to compromise and open to new ideas, but there's one point the president is sticking to -- higher taxes for people making higher incomes. take a listen. >> i refuse to accept any approach that isn't balanced. i'm not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 aren't a asked to pay a dime more in taxes. >> two hours before we saw the president, we saw the house speaker, republican, john boehner, said quote, everything on the revenue side and on the sp spending side has to be looked at but when it comes to specifics he put the ball firmly in barack obama's court. >> i don't wa
this fiscal cliff business could affect just about every single one of us, and you can bet there's plenty going on behind the scenes. this past hour we heard from the president in the east room of the white house basically announcing he's inviting leaders from both houses of congress and from both political parties to meet with him at the white house next friday. just a couple of minutes ago, we heard the president say he's open to compromise and open to new ideas, but there's one point the...
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cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> speaker boehner made very clear at his press conference that he thinks the ball is in your court and the president's court. he says democrats have got to get series about spending cuts. where is the disconnect? >> i don't understand his brain so you should ask him. okay? >> reid making those comments to our own kate bolduan. i'm joined by dan lothian. dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion
cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> speaker boehner made very clear at his press conference that he thinks the ball is in your court and the president's court. he says democrats have got to get series about spending cuts. where is the disconnect? >> i don't understand his brain so you should ask him. okay? >> reid making those comments to our own kate bolduan. i'm joined by dan...
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. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> what are the long term effects for business travel if the economy falls off the fiscal cliff? the gbta predicts the reduced deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reynolds wolf is standing by. what is happening around the country today? >> the story is all west. everything is taking place out west. rain, some strong winds, even some snow. some places snow getting
. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the...
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Nov 7, 2012
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you'll have a president and a congress, house, at odds about how to fix the fiscal cliff. that's the first order of business. in terms of response, stock futures have turned higher. and you've got, we just had the close of asian trading. basically mixed or steady. and european stocks just started trading. >> so markets are going to be for certainty. they did not have certainty about who would win. now they do. they know they have the same make-up between, the same old problems. everybody will have to go into this with a little more force. >> so the fiscal cliff kill the certainty thing. >> it certainly does. the president gets to go in and say while he did not campaign on this issue. it hardly came up during the campaign, at this point everybody knows they have to deal with this. >> at the same time you have the same make-up in congress that we had before the election. >> so so many people, voters really care about the economy and getting the economy growing. they must think. they voted this way. that this president will be able to get it growing again. guess what, the fis
you'll have a president and a congress, house, at odds about how to fix the fiscal cliff. that's the first order of business. in terms of response, stock futures have turned higher. and you've got, we just had the close of asian trading. basically mixed or steady. and european stocks just started trading. >> so markets are going to be for certainty. they did not have certainty about who would win. now they do. they know they have the same make-up between, the same old problems. everybody...
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700,000 jobs and drive our economy of the fiscal cliff. here in missouri, we count on coal for 82% of our electricity. president obama's were on call is threatening higher electricity prices for families and job creators. we cannot go on like this. this election is not about president obama, the person. it is about his failed presidency and failed leadership. our country is going in the wrong direction. and mitt romney is the only leader who can turn this economy around. did americans back to work, and build the better america our parents worked and sacrificed to make possible. that is the opportunity before us. and it is the one that we must seize, for the sake of our children and the future of our great nation. god bless your families and may god continue to bless the united states of america. >> watch our coverage of the presidential candidates pless debates from key house, senate, and governor's races. a debate between the candidates in the north carolina governor's race. a discussion on the role of volunteers in the presidential campa
700,000 jobs and drive our economy of the fiscal cliff. here in missouri, we count on coal for 82% of our electricity. president obama's were on call is threatening higher electricity prices for families and job creators. we cannot go on like this. this election is not about president obama, the person. it is about his failed presidency and failed leadership. our country is going in the wrong direction. and mitt romney is the only leader who can turn this economy around. did americans back to...
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also that fiscal cliff is looming. how will it impact jobs? lori russman from fox business network has more on these topics for us. >> the unemployment rate did drop especially in some of the key swing states. political analyst pointed out the president is not using these numbers and he also says it's probably smart he is not if he draws attention to unemployment it will show that it is really high. >> nothing to brag about it is where it is when he took office but this is a devastating high national average for unemployment. 7.8 percent. to your count about the key swing states they saw improvement from those unemployment numbers. it is still devastatingly high. one who had improve is ohio dropping from 7.wi8 to 7 percen. compared to history where full employment is 4 and a half, 5 percent we are way off that mark. we are creating far too few jobs to approach that full employment picture any time soon. >> the fiscal cliff is looming. briefly explain what is going to happen unless congress acts? >> come the new year it amounts to a battery of
also that fiscal cliff is looming. how will it impact jobs? lori russman from fox business network has more on these topics for us. >> the unemployment rate did drop especially in some of the key swing states. political analyst pointed out the president is not using these numbers and he also says it's probably smart he is not if he draws attention to unemployment it will show that it is really high. >> nothing to brag about it is where it is when he took office but this is a...
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cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative days left on the congress's calendar before the looming fiscal cliff becomes a raw reality, will the president and house gop find a way over the latest road black and back to the bargaining table? >> why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> was it hardball opening? yeah, of course it was. the question is, what's the counteroffer? >> i would imagine there has to -- tim geithner is too smart of a guy in this administration is filled
cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative...